As the woes continue in Zimbabwe, the central bank’s governor in Zimbabwe, Gideon Gono said today, “Statistics provided by the CSO (central statistical office) indicate that it is now at 2.2 (million percent).” This referring to the rate of inflation in the country. This is clearly the highest rate of inflation in the world. And this figure released of 2.2m% can not be totally accurate with many suggesting that the rate of inflation is actually much higher than this. The last official announcement about the rate of inflation was in February this year when it was said that inflation was 165 000%.

It is still anyone guess how they can actually still be able to calculate the rate of inflation in Zimbabwe with the way things our going in their economy. An inflation rate of 2.2m% really does not make sense to anyone who is not in Zimbabwe and maybe even for those in the country. If someone tells you that a cold drink is 20 billion dollars, one can not comprehend what the actual value is unless you convert it back into rands or US dollars.